XRP Breakout Opens Path to $4–$11, Analyst Forecasts

• XRP broke above crucial resistance for the first time in nearly two months
• Analyst sees short-term target at $4.20, midterm range up to $11
• Triggers include ETF decisions, DeFi launch, and CME futures demand

XRP broke above a key resistance line for the first time since July 21, signaling renewed bullish momentum. A crypto analyst said the breakout positions the token for fresh upside, with near-term targets at $3.60–$4.20 and potential midterm levels between $8 and $11.

Daily Close Above Downtrend Marks First Signal Since July

The analyst noted that XRP closed a daily candle above a downward trendline for the first time in nearly two months. That move set up an immediate target of $3.60, with the chart showing strength after a long period of consolidation.

XRP rallied from $0.50 to $3.40 earlier this year, before holding sideways for roughly 270 days. The analyst said this fresh breakout could mark the start of a new cycle, reviving the bullish setup that fueled earlier gains.

Analyst Cites Pullback as Setup for Next Move Higher

In the meantime, the analyst highlighted a recent spike, which saw XRP test the $3.60 region before another pullback, citing that as a preparation for the “next leg up.”

The analyst added that broader markets are supportive. Ethereum, Bitcoin, and equities are showing bullish momentum, improving the backdrop for altcoin rallies.

Triggers Driving Forecast of $4–$11

The analyst cited triggers for the predicted XRP bull run, including the potential introduction of XRP DeFi solutions, expected XRP ETF decisions in October, and increasing XRP volume in CME futures.

Per prediction, the renowned XRP bull thinks the cryptocurrency has the potential to climb above $4.20, with more realistic mid-term targets between $8 and $11. It is worth noting that XRP traded for $3.07 at the time of writing, according to data from TradingView.